Wednesday, March 10, 2010

 

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Listed Company on MESDAQ Market
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Company Logo :
Company Name : IRIS CORPORATION BERHAD
Stock Name : IRIS
Stock Code : 0010
MESDAQ Market Sector : Technology
Listed on MESDAQ Market of the KLSE : 25.7.2002
Incorporated : In Malaysia on 31.5.1994 as a private limited company; converted into a public company on 18.8.1999.
Change of Name : From TL Technology Research (M) Sdn Bhd to present name on 20.8.1999.
Profile :  
The Company (ICB), is and MSC status company operating from the Technology Park in Bukit Jalil, Kuala Lumpur. It is principally involved in information technology consulting, implementation and research and development. The main focus is the provision of smart card based security solutions. The solutions are based on a unique identification technology named the Image Retrieval Identification System (I.R.I.S.). The I.R.I.S. technology is the underlining technology for all smart card-security applications developed by the Group as it provides a secure method for identification that is difficult to forge. Depending on the application, innovative technologies such as Biometric Verification, Radio Frequency Identification, Ferroelectric Random Access Memory (FRAM), etc. are integrated with the I.R.I.S. technology to provide customised security solutions.

The Group's initial achievement was designing and implementing the electronic passport. The existing product range includes: Malaysian Electronic Passport (MEP), Smart Sentry, MyKad, Contactless Cards and Electronics, I.R.I.S. Integrated Passenger and Tags, Baggage Security System, Contact Cards, Digital Conferencing System, Smart Card Readers, Smart Lock and Immigration Autogate System.

R&D is an on-going process, especially on technology integration to develop unique smart card solutions and emerging technologies. Current programmes are for smart card technology to incorporate FRAM technology into I.R.I.S. technology and for I.R.I.S. technology: to develop and adapt Facial Biometrics and Voice Pattern Recognition processing. The above development work is targeted to ensure the I.R.I.S. products are applicable for a wider spectrum of the market usage and that it can be accepted globally.

In addition, current development projects cover the proprietary manufacturing process in the production of contactless substrates which are being used in the MEP project, Electronic Visas for use by Immigration Departments and Foreign Embassies, Paperised Baggage Tags using FRAM for airport baggage security, and Battery and Display Technologies for wearable PCs. Under Smart Card Product Designs, the current project is to develop I.R.I.S. proprietary contactless hybrid cards, which are contact as well as contactless cards.

The Group has made seven patent applications to the US Patent and Copyright Office, of which three have been approved. One other patent application to the South Africa Patent Office has been approved, while another to the EU Patent Office, is still pending. These patents cover the I.R.I.S. Chip Operating System, proprietary techniques and applications commercialised by the Group.

The main customers of the Group are Jabatan Imigresen Malaysia, Percetakan Keselamatan Nasional Sdn Bhd and GMPC Corporation Sdn Bhd, accounting for more than 85% of turnover.
 

Principal Activities : Company and Group - information technology consulting, implementation and research and development.
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